15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 11.8% per year over the past 5 years.
Net income has grown faster than revenue (15.2% vs 11.8% per year).
Operating margin has expanded, at 19.5% in the latest year.
Free cash flow has grown 9.0% per year over the past 5 years.
Financial health
Total debt ($15.9B) exceeds cash ($4.0B); net debt is $11.8B.
Total debt has grown slower than revenue (2.5% vs 11.8% per year).
Operating income covered interest expense 8.1× in the latest year.
Total debt is 2.5× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 39.6% of earnings and 30.0% of free cash flow.
The dividend has grown 8.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$25.1B
$3.2B
64.0%
19.5%
14.5%
6.8%
$4.3B
$15.9B
$4.0B
2024
$22.6B
$3.0B
63.9%
16.3%
14.5%
7.0%
$3.5B
$13.6B
$3.7B
2023
$20.5B
$3.2B
63.7%
19.0%
17.0%
7.9%
$3.1B
$13.0B
$3.0B
2022
$18.4B
$2.4B
62.8%
15.4%
14.2%
6.4%
$2.0B
$13.0B
$1.8B
2021
$17.1B
$2.0B
64.1%
15.1%
13.4%
5.8%
$2.7B
$12.5B
$2.9B
2020
$14.4B
$1.6B
63.1%
15.5%
12.2%
4.7%
$2.8B
$14.0B
$2.9B
2019
$14.9B
$2.1B
65.1%
18.2%
16.3%
6.9%
$1.5B
$11.1B
$4.3B
2018
$13.6B
$3.6B
65.7%
18.7%
30.3%
13.0%
$2.0B
$9.9B
$3.6B
2017
$12.4B
$1.0B
65.7%
18.5%
10.2%
4.6%
$961M
$7.2B
$2.5B
2016
$11.3B
$1.6B
66.3%
19.2%
17.2%
8.1%
$1.4B
$6.9B
$3.3B
2015
—
$1.4B
—
—
16.9%
8.9%
$711M
$4.0B
$3.4B
2014
—
$515M
—
—
—
3.0%
$1.5B
$4.0B
$1.8B
2013
—
$1.0B
—
—
—
6.5%
$1.7B
$2.8B
$1.3B
2012
—
$1.3B
—
—
—
9.8%
$1.4B
$1.8B
$1.4B
2011
—
$1.3B
—
—
—
11.1%
$1.2B
$1.8B
$905M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$6.5B
$753M
65.2%
15.9%
3.2%
1.6%
$1.2B
$14.9B
$3.3B
Jun '26
$6.6B
$1.3B
68.3%
25.2%
5.3%
2.7%
$1.1B
$14.9B
$3.4B
Mar '26
$6.0B
$745M
63.3%
15.5%
3.2%
1.6%
$415M
$14.7B
$2.9B
Dec '25
$7.2B
$849M
64.5%
25.2%
3.8%
1.8%
$1.9B
$15.9B
$4.0B
Sep '25
$6.1B
$859M
63.6%
18.7%
3.9%
1.8%
$1.4B
$16.6B
$3.3B
Jun '25
$6.0B
$884M
63.8%
18.5%
4.2%
1.9%
$928M
$16.6B
$2.4B
Mar '25
$5.9B
$654M
63.8%
14.3%
3.1%
1.4%
$127M
$16.8B
$2.3B
Dec '24
$6.4B
$546M
64.9%
9.0%
2.6%
1.3%
$1.7B
$13.6B
$3.7B
Sep '24
$5.5B
$834M
64.0%
19.7%
4.1%
1.9%
$1.3B
$15.5B
$3.9B
Jun '24
$5.4B
$825M
63.0%
19.4%
4.2%
2.1%
$481M
$12.2B
$1.9B
Mar '24
$5.2B
$788M
63.6%
18.5%
4.1%
2.0%
$37M
$12.9B
$2.3B
Dec '23
$5.8B
$1.1B
63.7%
21.6%
6.1%
2.9%
$1.4B
$13.0B
$3.0B
Sep '23
$4.9B
$692M
64.3%
19.0%
3.9%
1.8%
$902M
$12.7B
$1.9B
Jun '23
$5.0B
$738M
63.7%
19.3%
4.3%
2.0%
$536M
$12.9B
$1.4B
Mar '23
$4.8B
$592M
63.1%
15.4%
3.5%
1.6%
$315M
$13.1B
$1.7B
Dec '22
$5.2B
$563M
62.2%
15.6%
3.4%
1.5%
$815M
$13.0B
$1.8B
Sep '22
$4.5B
$816M
62.1%
18.0%
5.0%
2.3%
$751M
$12.8B
$1.4B
Jun '22
$4.5B
$656M
62.9%
17.2%
4.2%
1.8%
$386M
$13.4B
$1.0B
Mar '22
$4.3B
$323M
64.0%
10.5%
2.1%
0.9%
$84M
$14.1B
$1.5B
Dec '21
$4.7B
$662M
64.8%
17.4%
4.4%
1.9%
$794M
$12.5B
$2.9B
Valuation over time
How the market has priced SYK against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 46.1× (Mar '23) to 36.0× (Nov '26).
The price-to-sales ratio has fallen from 5.9× (Mar '23) to 4.7× (Nov '26).
The dividend yield has risen from 1.0% (Mar '23) to 1.1% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is SYK growing its revenue and profit?
Over the past 5 years, Stryker Corporation's revenue has grown 11.8% per year, and net income grown 15.2% per year. These are computed facts, not advice.
How much debt does SYK have?
As of FY2025, Stryker Corporation reported $15.9B of total debt against $4.0B of cash; operating income covered interest expense 8.1×.
What is SYK's profit margin?
In FY2025, gross margin was 64.0%, operating margin 19.5%, and net margin 12.9%.
What is SYK's P/E ratio?
Stryker Corporation's P/E (TTM) is 32.25 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SYK stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 36.0× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.